Breaking news from Politco.com
Amtrak CEO Wick Moorman is stepping down at the end of the year, and will be replaced by former Delta CEO Richard Anderson, according to knowledgeable sources and confirmed Monday by Amtrak.
The two men will serve as co-CEOs until the end of December.
Anderson, a 62-year-old former prosecutor from Texas, rose through the ranks of the airline industry to become CEO of Delta in 2007, just as it was leaving bankruptcy.
By the time Moorman steps down, he will have served roughly a year and a half as Amtrak’s CEO.
Moorman is himself a private sector transportation “icon,” said Amtrak chairman Tony Coscia. Both he and Moorman said it was always their plan for Moorman to be a temporary CEO.
“When I came to Amtrak, I had a clear understanding with my wife about how long I could do it,” Moorman said. “And in fact, I have exceeded that, as she points out to me.”
One of Moorman’s tasks, said Coscia, was “to help us recruit a CEO of the company who will serve as a long-term CEO.”
Moorman called Anderson a “superlative” leader and said they’ll be serving as co-CEOs for a half year because, “The one thing he doesn’t know is the railroad business, which obviously is my background.”
“And then I’ll have some ongoing role after that to assist him,” Moorman said.
The news comes during a tumultuous time for Amtrak. It’s just starting emergency repairs to the tracks beneath Penn Station, in the aftermath of two recent derailments there.